[1/2] Paraguayan presidential candidate Santiago Pena from ruling Colorado Party, attends his campaign rally, in Asuncion, Paraguay April 18, 2023. REUTERS/Cesar OlmedoASUNCION, April 24 (Reuters) - From Paraguayan capital Asuncion to Taipei and Washington, diplomats, officials - and farmers - are closely watching a tight election race that could determine Paraguay's future ties with Taiwan. "How can I deny a relationship that is beneficial for all Paraguayans, a people that need development, need investment, need industry?" China has long argued that democratically-ruled Taiwan is part of its own territory with no right to state-to-state ties, a position Taipei strongly rejects. 'WHEN, NOT IF'Among diplomatic circles in Asuncion there is a sense a switch is inevitable - regardless of the election outcome.

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